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Informations principales sur l'investissement
- Five-story building with mid-century modern architecture and flexible floor plans.
- Includes adjacent land parcels for parking or future development.
- Existing rooftop leases and JPMorganChase tenancy provide income potential.
- Returned to shell condition, ready for adaptive reuse or redevelopment.
- Located in a revitalizing district near Garland’s emerging downtown.
- Excellent visibility and accessibility from major corridors in Garland.
Résumé analytique
The Draper at 111 South Garland Avenue presents a rare opportunity to acquire a boutique office building with historic significance in the heart of Garland, Texas. This five-story property offers a total of 39,159 square feet and sits on 2.45 acres across multiple parcels, providing flexibility for future development. The building has been returned to shell condition, creating a blank canvas for adaptive reuse as boutique hotel, urban apartments, or owner-occupied office space.
The property benefits from a mid-century modern design that allows for abundant natural light and open floor plans, with typical floor plates of approximately 5,956 square feet. The first floor is well-suited for retail, food and beverage, or entertainment uses, while the upper floors offer panoramic views of the surrounding area. Existing rooftop leases and a long-term tenant in JPMorganChase provide immediate income potential.
Located in a dynamic area undergoing revitalization, The Draper is positioned to capitalize on Garland’s resurgence, including a vibrant downtown and city-backed growth initiatives. Adjacent land parcels offer additional parking or development options, enhancing the property’s long-term value. This is an exceptional investment for buyers seeking a versatile asset in a growing market.
The property benefits from a mid-century modern design that allows for abundant natural light and open floor plans, with typical floor plates of approximately 5,956 square feet. The first floor is well-suited for retail, food and beverage, or entertainment uses, while the upper floors offer panoramic views of the surrounding area. Existing rooftop leases and a long-term tenant in JPMorganChase provide immediate income potential.
Located in a dynamic area undergoing revitalization, The Draper is positioned to capitalize on Garland’s resurgence, including a vibrant downtown and city-backed growth initiatives. Adjacent land parcels offer additional parking or development options, enhancing the property’s long-term value. This is an exceptional investment for buyers seeking a versatile asset in a growing market.
Informations sur l’immeuble
Type de vente
Investissement ou propriétaire occupant
Type de bien
Bureau
Surface de l’immeuble
3 638 m²
Classe d’immeuble
B
Année de construction
1967
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
5 étages
Surface type par étage
723 m²
Dalle à dalle
3,05 m
Coefficient d’occupation des sols de l’immeuble
0,20
Surface du lot
1,85 ha
Zonage
CA/A
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
30/100
Taxes foncières
| Numéro de parcelle | 65015618210230000 | Évaluation des aménagements | 1 069 182 € |
| Évaluation du terrain | 218 436 € | Évaluation totale | 1 287 618 € |
Taxes foncières
Numéro de parcelle
65015618210230000
Évaluation du terrain
218 436 €
Évaluation des aménagements
1 069 182 €
Évaluation totale
1 287 618 €
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
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Présenté par
The Draper | 111 S Garland Ave
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